NextNav (NASDAQ:NN) CAO Sammaad Shams Sells 3,945 Shares

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 3,945 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the completion of the sale, the chief accounting officer directly owned 72,950 shares of the company’s stock, valued at approximately $1,425,443. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sammaad Shams also recently made the following trade(s):

• On Friday, March 20th, Sammaad Shams sold 1,767 shares of NextNav stock. The stock was sold at an average price of $18.11, for a total transaction of $32,000.37.
• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The stock was sold at an average price of $17.80, for a total transaction of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The stock was sold at an average price of $16.86, for a total transaction of $55,587.42.

NextNav Stock Performance

Shares of NextNav stock opened at $17.87 on Friday. NextNav Inc. has a 52-week low of $10.64 and a 52-week high of $19.91. The company has a fifty day moving average of $16.47 and a 200-day moving average of $15.33. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -11.60 and a beta of 0.96.

NextNav (NASDAQ:NN) last issued its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $0.95 million for the quarter, compared to analysts’ expectations of $0.86 million. NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. On average, equities research analysts forecast that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextNav

A number of large investors have recently added to or reduced their stakes in NN. Caitong International Asset Management Co. Ltd increased its position in shares of NextNav by 347.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock valued at $37,000 after acquiring an additional 1,721 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of NextNav during the third quarter worth about $52,000. FWL Investment Management LLC bought a new stake in shares of NextNav in the second quarter worth about $70,000. Kemnay Advisory Services Inc. bought a new stake in shares of NextNav in the fourth quarter worth about $97,000. Finally, Osterweis Capital Management Inc. purchased a new position in NextNav during the 4th quarter valued at about $109,000. Institutional investors own 79.16% of the company’s stock.

Wall Street Analyst Weigh In

NN has been the subject of a number of recent research reports. Wall Street Zen lowered NextNav from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextNav in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About NextNav

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.